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<br />. <br /> <br />. <br /> <br />. <br /> <br />Jul-03-2002 11:48 <br /> <br />.512281753 <br /> <br />T-I.2 P015/02. P-185 <br /> <br />Prom-PETERSON PRA~ BERGMAN <br /> <br />DRAFT <br /> <br />INTERIM AGREEMENT <br /> <br />1.0 Parties. THIS INTERIM AGREEMENT is dated the day of <br />, 2002, and is entered into by and between the City of Arden Hills, a Minnesota <br />statutory city (herein "City") and CRR, LLC, a Minnesota limited liability company <br />("Developer"). <br /> <br />2.0 Recitals. <br /> <br />A. WHEREAS, the City anticipates receIVIng from the General Services <br />Administration ("GSA") a conveyance of approximately 1 ,072 acres of the <br />former Twin Cities Army Ammunition Plant ("TCAAP Site") which is more <br />particularly described or illustrated on Exhibit A attached; <br /> <br />B. WHEREAS, the City desires to have the TCAAP Site developed as a mixed <br />use open space, recreational, commercial, residential and professional <br />development ("Project") generally consistent with the Vento Plan. attached; <br />as: Exhibit B ("TCAAP Utilization Plan"); ... . . ...... <br /> <br />C. <br /> <br />WHEREAS, the parties agree that the TCAAP Utilization Plan provides a <br />broad framework for the Project and that modification of the TCAAP <br />Utilization Plan may be necessary ov appropriate due to economic, <br />environmemal, or other factors; <br /> <br />D. WHEREAS, the City has selected the Developer to be the Master Developer <br />for the constrUction of the Project on the TCAAP Site subject to the <br />negotiation and execution of a clDisposition and dQevelopment ttA.greement <br />("DDA"); <br /> <br />E. WHEREAS, Developer, at its sole COSt and expense, has agreed to assist the <br />City in obtaining a transfer of the TCAAP Site from the GSA and undenake <br />an extensive environmental analysis of the TCAAP Site in order to determine <br />if it is economically feasible to construct the Project on the TCAAP Site; and <br /> <br />F. <br /> <br />WHEREAS, the parties wish to enter into an Interim Agreement which <br />describes the obligations of the parties relating to the transfer of the TCAAP <br />Site, the environmental survey and analysis of the TCAAP Site, the <br />preparation of a DDA which would become effective upon transfer of the <br />TCAAP Site to the City and the preparation of ""Tjb.'l'/';l'lrj,ine:ri.t:t6:th.e <br />